Once the first tenant has paid their invoice using Re-Leased Pay, it could take up to 7 calendar days for the money to be processed securely by Stripe and paid out to your bank account.
After this first payout has been made, the standard turnaround time from a tenant paying their invoice using a credit card to the money being processed and paid out to your bank account, is on a per country basis. This is known as the payout schedule.
|Australia||2 business days|
|United States||2 business days|
|New Zealand||4 business days|
|United Kingdom||7 business days|
|Canada||7 business days|
Once the payout schedule is in effect, you will receive a single payout daily if money has been processed. The payout from Re-Leased Pay could include multiple payments for different invoices.
For the processing timings when a tenant pays using Direct Debit or ACH, see here.